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Insurtech

Technology has dramatically changed the way people live, including their buying behaviors.

Consumers expect a simple, streamlined experience, typically enabled by smart technology, and that experience presents a wide range of opportunities for innovation within the insurance industry.

On the heels of Fintech, investors and technology companies turned their attention to the insurance market, which has resulted in billions of dollars in funding. Thousands of products have been introduced, are continually evolving and gaining market traction in agency tools, data analytics, claims management, distribution, health tech, artificial intelligence, machine learning, internet of things and others, to improve the customer experience and enhance the way the ecosystem operates.

It is a strategic imperative for brokers to remain informed on the way technology is shaping insurance and to be proactive in seizing opportunities these tools and resources present.

March 28, 2019 Sandy Laycox, editor-in-chief of Leader’s Edge magazine, sat down with John Swigart of Pie Insurance and Jayant Lakshmikanthan of Clara Analytics to discuss their respective business models